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| WIND POWER |
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Overview |
Our wind power division is engaged in the generation and sale of electricity from our wind farms.
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Operating Assets |
We operate seven wind farms in India with a total installed rated capacity of 127.8 MW
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Sogi & Jajikallgudda windfarm is located in Harpanahalli Taluk, Bellary and Davangere District, Karnataka, having a installed capacity of 46.25 MW.This wind Farm is located approximately at 800 metres above sea level on hilly terrain |
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Chitradurga, wind farm is located in Chitradurga District, Karnataka having a installed capacity of a 38.35 MW.This Wind Farm is located approximately 800 metres above sea level on hilly terrain. |
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Harihar wind farm is located at Kundur, Davanagere Disrict, Kanataka having a installed capacity of a 6.00 MW.This Wind Farm is located approximately 650 meters above sea level on hilly terrain. |
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Satara, wind farm is located in Satara District, Maharashtra having a installed capacity of 1.0 MW. This Wind Farm is located approximately 1142 metres above sea level on flat terrain. |
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Dhule, wind farm is located at Nandurbar District, Maharashtra with a installed capacity of 20 MW. This Wind Farm is located approximately 600 meters above sea level on flat terrain. |
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Surajabari wind farm is located in Kutch district of Gujarat and is located adjacent to Rann of Kutch having a installed capacity of 16.2 MW This Wind Farm is located approximately 70 metres above sea level on flat terrain. |
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| On The Anvil |
We plan to expand our wind business and are in the process of investing in an additional 34 turbines of 0.6 MW rated capacity each to be installed at Sunnadahalli, Chikmangalur District, Karnataka. We are also planning to develop Hospet wind farm of approximately 20 MW. We expect to commission these wind farms by March 2008.
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| Wind Power Sales |
Effective June 10, 2005, we began selling all the electricity generated by our Harpanahalli and Chitradurga installations to Bangalore Electricity Supply Company (BESCOM) and Mangalore Electricity Supply Company (MESCOM), distribution companies of the Government of Karnataka.
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Also effective June 10, 2005, we began selling all the electricity generated by our Satara installation to Maharashtra State Electricity Board (MSEB), a Government of Maharashtra Undertaking.
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The sale proceeds of Surajbari project will go to GUVNL (Gujarat Urja Vikas Nigam Limited) |
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| Kyoto Protocol and Emission Trading Schemes |
On February 16, 2005, the Kyoto Protocol came into force in approximately 141 countries whereby the participants pledged to cut worldwide greenhouse gas emissions by 5.2% from 1990 levels by 2012. In order to help to accomplish this objective, the Kyoto Protocol includes three market-based methods that allow countries to earn or to buy credits outside their borders:
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| Clean Development Mechanism (“CDM”): Contemplates credits being earned by investing in emission reduction projects in developing countries. |
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| International Emissions Trading: Permits developed countries that have adopted a Kyoto target to buy and sell “Emission Reduction Units” (“ERUs”) amongst themselves.
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| Joint Implementation: “Certified Emission Reduction” (“CER”) credits can be earned by investing in emission reduction projects in developed countries that have adopted a Kyoto Protocol target for reducing emissions. |
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| Carbon Credit Project |
CDM-1: We have registered one of the largest wind energy Project as CDM project. Our CDM 1 project of 125 MW in Karnatka has been registered with UNFCCC and CERs, for the first years generation is already been issued by UNFCCC for the period 04-05 & 05-06. Verification for the year 2006-07 is under progress.
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We have four more CDM projects in the pipe line at various level of completion
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CDM-2: This project is known as GREEN ENERGY TO GRID . This project is located at Dhule, Maharashatra with an installed capacity of 20MW.PCN & PDD are completed and Validation process is in progress. |
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| CDM-3 : This project is known as 6.6 MW ZERO EMISSION ELECTRICITY GENERATION . This project is located at Harihar, Karnataka with an installed capacity of 6.6 MW. PCN & PDD are completed, Validation process is in progress |
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| CDM-4 : This project is known as 8.35 MW GREEN ENERGY AT G.R.HALLI. Stake Holder meet is completed. Preparation of PCN & PDD is in progress. This project is located at G.R.Halli with an Installed capacity of 8.35 MW. |
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CDM-5: This project is known as 30 MW WIND ENERGY PROJECT AT SURAJBARI .This Project is located at Surajbari, Kutch District, Gujarat with an installed capacity of 30 MW. Stake Holder Meet is completed. Preparation of PCN & PDD is in progress. |
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